https://www.taxtmi.com/caselaws?id=262316 The High Court affirmed the Tribunal's decision to classify income from the purchase and sale of shares as business income, rejecting the appellant's claim for capital gains treatment. The court found the appellant engaged in share trading activities based on factors such as volume, frequency of transactions, and the nature of dealings, dismissing the appeals and emphasizing the significance of factual evidence and legal principles in determining income classification for tax purposes. en-us Mon, 27 Jul 2015 00:00:00 +0530 Fri, 07 Aug 2015 06:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262316 The High Court affirmed the Tribunal's decision to classify income from the purchase and sale of shares as business income, rejecting the appellant's claim for capital gains treatment. The court found the appellant engaged in share trading activities based on factors such as volume, frequency of transactions, and the nature of dealings, dismissing the appeals and emphasizing the significance of factual evidence and legal principles in determining income classification for tax purposes. Case-Laws Income Tax Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262316